Due Diligence Analyst

Global KYC is an AML/KYC support and control function which supports the Institutional Clients Group responsible for the preparation, development, due diligence and approval of the FCB (Foreign Correspondent Bank) KYC Record and associated documentation in partnership with Relationship Management and KDG (KYC Documentation Group).

The job of Due Diligence Analyst focuses primarily on ensuring timely and effective KYC Record processing for the Foreign Correspondent Bank records

Job Background/Context:

Every new and existing client of Citi’s Institutional Clients Group is required to have an FCB KYC Record before an account can be opened. The KYC Record outlines important information about the customer.

There is a requirement to conduct research for company information from both internal and external sources, documenting specifics required to satisfy regulations. There are differing requirements depending on where the account is being opened. There is a constant need for KYC Record review as there are periodic renewals of the required due diligence carried out based on the risk of the client.

Global KYC owns the end to end KYC process from creation/renewal to approval of the KYC Record and supporting local country appendices.

Key Responsibilities:

Create the KYC Record in the KYC system sourcing information from internal and external sources by the agreed deadline

Work closely with the PTR team (Periodic Transaction Review) to ensure timely completion for records. There is also an expectation for the DDA to understand the PTR in detail for their assigned records

Work closely with the AMLPA (AML Programme Assessment) analyst to ensure timely completion of the AMLPA. There is an expectation that the DDA reads, understands and ensures the information within the AMLPA is consistent with the FCB KYC Record

Read, understand and ensure the AMLRS (AML Risk Summary) provided by the KYC Owner is a thorough document which compliments and is consistent with the KYC record

Proactively interact with relationship management teams and REM (Risk Evaluation Management to update system with information until final approval of KYC Record